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Home Depot (HD) 4Q17 Results: Beats on Earnings and Comps, Boosted by Hurricane-Related Sales; Raises FY18 Guidance

Executive Summary

  • Home Depot reported 4Q17 adjusted EPS of $1.69, up from $1.44 in the year-ago quarter and beating the $1.62 consensus estimate. Total revenues were $23.9 billion, beating the consensus estimate of $23.7 billion.
  • Total comps rose by 7.5% during the quarter, beating the 6.5% consensus estimate. Comps for US stores were up 7.2%. Comp growth was driven by a 5.5% increase in average ticket spend and a 1.9% increase in customer transactions.
  • Home Depot raised its FY18 guidance. The company now expects revenue growth of 6.5% year over year, versus 6.3% previously, and comp growth of 5.0%.

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